Orange seeks cybersecurity M&A to profit from Wannacry threat

PARIS: Orange SA is seeking more acquisitions in cybersecurity to bolster its technology-services offerings and capitalise on a surge in interest from corporate clients after a global ransomware attack last month.

The Paris-based former phone monopoly bought European threat-intelligence specialist Lexsi last year and is now looking for candidates that can drive growth in markets such as Spain and Belgium, said Michel Van Den Berghe, head of Orange Cyberdefence. The company is targeting cybersecurity providers with several hundred employees and business across multiple countries, he said in an interview.